« Rapid Minority Business Growth | Main | The Vital Ingredient for a Company’s Success: Culture »
July 31, 2005
Quote of the Day for Sunday, July 31, 2005
Today's quote is from Nobel laureate Milton Friedman, born on this date in 1912: "Industrial progress, mechanical improvement, all of the great wonders of the modern era have meant relatively little to the wealthy.
The rich in Ancient Greece would have benefited hardly at all from modern plumbing: running servants replaced running water. Television and radio? The Patricians of Rome could enjoy the leading musicians and actors in their home, could have the leading actors as domestic retainers. Ready-to-wear clothing, supermarkets—all these and many other modern developments would have added little to their life.
The great achievements of Western Capitalism have redounded primarily to the benefit of the ordinary person. These achievements have made available to the masses conveniences and amenities that were previously the exclusive prerogative of the rich and powerful."
Trackback Pings
TrackBack URL for this entry:
http://www.heritagetidbits.com/cgi-bin/mt/mtb.cgi/403
Comments
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)